ForexCollege

Continuation Pattern or Reversal?

Long
ForexCollege Updated   
OANDA:US30USD   US Wall St 30
We like to believe that we have wedge continuation pattern in play on the 15 min time frame. When looking at higher time frames its a different story. It all depends on the type of trader you are. What we will do most of the time is to take trades on higher time frames and hedge against those trades on lower time frames. Like to learn more abut trading multiple time frames, feel free to get in contact.

We always consider what the price can do then decide on the direction with the highest probability.

This is not an instruction to Buy or Sell, and should not be considered as such. Get properly educated before committing real money to a live trading account. Warning: the risks are high!!

Happy Trading
Comment:
here we have another classic example of our training, we considered possible outcomes, there was no sell signal provided by the candlestick story tellers, however a proper buy signal was given by a bullish candlestick story teller.
A profitable trader is a happy trader.

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